In the headlines
Average pay is to rise faster than inflation for the first time in 14 months. New figures due to be released next week are expected to show July’s inflation rate falling to 6.8%, from 7.9% in June, and earnings to have risen more than 7% year-on-year. “We are moving in the right direction and we have now reached an inflection point,” one economist tells The Times. Last month was the hottest ever recorded on Earth, climatologists have announced. The average global temperature in July was 16.95C, 0.33C warmer than the previous record, set in July 2019. The video conferencing platform Zoom has ordered staff to return to the office. Though the firm became an essential part of pandemic-era remote working, it now wants employees to show up in person for at least two days a week so they can “interact with their teams”.